Category

Mobile Money

Man Using Contactless Payment App On Mobile Phone In Cafe

18 statistics that explore the growth of mobile money

By | Analytics, Featured Post, Mobile Money | No Comments

MEF’s recently published Mobile Money Report supported by Wirecard, asked 6,000 consumers in nine countries about their usage and attitudes towards mobile payments. It paints a detailed picture of how mobile money is taking hold in both growth and established markets and is available to download here for free.

The study found that 78 per cent of us had made a purchase by mobile in the previous six months, which suggests that all but the most tech-phobic consumers have now embraced the m-commerce habit. That figure is a global average. There are of course differences at the country level. China for example is leading the charge. The study reveals 88% of China’s citizens currently make mobile transactions.

Below we’ve picked out 18 statistics from the report that track the use of mobile money around the world.

Read More
mobile money

Mobile transactions have moved to the mainstream, and its China that is leading the way

By | Analytics, Featured Post, Mobile Money | No Comments

MEF’s recently published Mobile Money Report supported by Wirecard, asked 6,000 consumers in nine countries about their usage and attitudes towards mobile payments. It paints a detailed picture of how mobile money is taking hold in both growth and established markets. The headline statistic, that

The headline statistic, that two in five shoppers have used their mobile device to pay for items in-store, indicates just how much consumers are becoming habituated to replacing cash with a digital transaction.

Here, Christian Von Hammel-Bonton, EVP of Global Product Strategy at Wirecard discussed the report in more depth. The report can be downloaded here for free.

Read More
Screen Shot 2017-01-18 at 13.05.10

Amazon Go: the future of shopping (if it can solve the grape problem)

By | Featured Post, Mobile Money | No Comments

Amazon may just have re-invented shopping with its Go concept store. But Tim Green wants to know if he now has to upgrade his phone OS before he is allowed to buy spaghetti hoops…

Fork handles!

British readers of a certain age will recognise the reference. ‘Fork Handles’ was the name of a 1976 comedy sketch by The Two Ronnies. In it, a man walks into a shop and asks for ‘fork handles’. The shopkeeper then gives him four candles.

Fork handles. Four candles.

It helps to be a native English speaker.

Read More
samsung-pay

Top 20 mobile payments stories of 2016: 10 to 1

By | Featured Post, Mobile Money, News Roundup | No Comments

2016 was another landmark year for the mobile payments space. In the second part of our annual review of the market, MEF reveals the 10 biggest stories of the last 12 months…

How would you like to type a message to a chat bot to make a payment? Or smile? Or nod? All of these new ways of making and authenticating transactions are possible because of the smartphone.

Read More
apple-pay-macOS-930x491

The top 20 mobile payments stories of 2016: 20 to 11

By | Featured Post, Mobile Money | No Comments

Chat bots, selfie-pay, Chinese expansion, loads of M&A and a few high profile failures. 2016 was a big year for the mobile payments space. Here, MEF looks back at the top 20 stories of the last 12 months – starting with 20 to 11…

Mobile payment is normal now – depending as ever on how you define mobile payments. Nearly everyone with a smartphone (and that’s nearly everyone) has bought something from a site or an app on their device.
And every year, they do more of this. Indeed, mobile commerce is now more or less level with desktop commerce. But in-store payment? Scanning or tapping a phone to pay? That’s still far from mainstream.

Read More
IMG_2334-2

Meffys finalists 2016: Innovation in Fintech

By | Featured Post, Meffys, Mobile Money | No Comments

In the run up to the Meffys final on December 1st, supported by Mozilla & BiP. we are taking a brief look at the finalists in the nine different categories.

The Innovation in Fintech category is all about the mobile products and services disrupting finance and banking. It celebrates the achievements of the retailers, banks, government bodies, enterprises and tech companies delivering next generation payment services, money transfers, anti-fraud and security as well as banking solutions accelerating the adoption of mobile money.

Read More
mobile_money-825x340

What the operators did next: become banks?

By | Featured Post, Mobile Money, Opinion | 2 Comments

If banking is something you do on an app, why shouldn’t your telco actually be your bank? It’s more than just an idea. Orange, Telenor and O2 have all launched their own operations. Here’s a look at their activities and their motivations.

In the UK alone, people use mobile banking apps more than 7,610 times a minute, or four billion times a year.

According to the ‘Way We Bank Now’ report by the British Banking Association, they downloaded more than 13.8 million banking apps in 2015, up 25 per cent from 2014.

Read More
samsung-pay

Stat attack: the state of European mobile commerce and banking

By | Featured Post, Mobile Money | No Comments

It’s official. Mobile commerce and mobile banking are now the norm across Europe. So says a new report on digital payments launched this week. Here are more details on consumer attitudes to shopping on a phone and paying with a tap…

The mobile has replaced the MP3 player, the alarm clock, the map, the camera.

Can it replace the wallet?

For all the hype, not yet. Most consumers still use cash or card rather than phone to pay inside a shop.

Read More
59371671_m

Pokémon Go and financial gamification

By | Featured Post, Mobile Games, Mobile Money | 2 Comments

People can’t stop talking about Pokémon GO! Here MEF Member and mobile payments facilitator Novatti take inspiration from the phenomenon and reflect on the possibilities of gamification of the mobile financial services sector…

If you are yet to hear about or encounter Pokémon GO by now, you must truly be living in a cave somewhere or the technological equivalent of one. But worry not, we are here to shed some light on the subject, hopefully leaving you well informed.

Read More

Subscribe to our mailing list

* indicates required